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Policy nonrenewal costs also are larger in areas with the highest expected losses from climate-related perils. Customers in the highest risk ZIP codes faced better policy nonrenewal fees, with ordinary nonrenewal premiums about eighty per cent larger than Those people in the bottom possibility ZIP Codes.
Myles is currently the senior insurance editor for Investopedia. He oversees the method and execution of all information geared toward serving to folks make much better insurance selections.